ACWA Power records lowest close since March 2024
Shares of ACWA Power Co. fell by 4% to close today, May 21, at SAR 274, its lowest close since March 2024.
The stock hit an intraday low of SAR 270. A total of 860,000 shares were traded at a turnover of SAR 230 million.
Year High (SAR) | Year Low (SAR) |
496.84 | 267.87 |
Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
496.84 | 62.67 |
Adding today’s decline, the stock’s total losses year-to-date reach more than 40%.
Market Data :
Open | 217.30 |
Low | 215.80 |
High | 217.60 |
Previous Close | 217.30 |
Change (3M) | (18.88 %) |
Change (6M) | (41.06 %) |
Market Value | 165,485.19 |
Avg. Volume (3M) | 454,538.23 |
Avg. Turnover (3M) | 109,079,553.00 |
Avg. Transaction (3M) | 6,510.61 |
Change(12M) | (47.09 %) |
YTD | (45.43 %) |
Since its debut, ACWA Power has carried out one adjustment to its capital in 2024 through bonus share distribution.
The company recommended a capital hike via a rights issue at a value of SAR 7.12 billion. It was given a go-ahead from the Capital Market Authority (CMA) on the move.
Adjustments to the capital (M Riyal) :
Date | Type | Capital (M Riyal) | Change (%) |
2025 | Right Issue | 7,664.90 | 4.63% |
2024 | Split | 7,325.62 | 0.20% |
2021 | IPO | 7,311.00 | 13.21% |
Financial Performance :
Overview :
Established in 2008 under the name of International Company for Water and Power Projects, the company initially operated as a Saudi closed joint-stock with capital of SAR 2.92 billion in Riyadh. The company was converted into a public joint-stock company in 2021 and subsequently changed its name to ACWA POWER Co. in early 2022.
The company’s main scope of business includes water and energy supply services, encompassing the development, investment, operation, and maintenance of power...
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Financial Ratios :
Financial Ratio | Current |
Market Cap (M Riyal) | 165,945.25 |
Shares Outstanding ((M)) | 766.49 |
EPS ( | ) (TTM)2.36 |
Book Value (BV) ( Riyal) (Latest announcement) | 29.08 |
Recurring P/E | More than 100 |
Price/book | 7.73 |
Dividend Yield (%) (Last Year) | 0.20 |
Return on Average Assets (%) (TTM) | 3.03 |
Return on Average Equity (%) (TTM) | 8.27 |
Par Value ( Riyal) | 10.00 |
Enterprise Value (EV) (M Riyal) | 193,824.79 |
EV/adj EBITDA | 84.75 |
EV/Revenues | 26.93 |
Calendar :
-
18 June
Conferences
- -
30 June
Ex-dividend Date
- -
30 June
General Assembly
- -
06 July
IPO/ Subscription
- -
13 July
Key Events
- -
16 July
IPO/ Subscription
-
Analyst Estimates :
109.13
Fair Average Price
1
Number of Recommendations
Rating | Research firm | Current Price | Target Price | Change | |
Sell | Hermes | 297.03 | 109.13 | (63.26 %) |
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